#DontDoubleMyRate: Student Loan Rates Set to Double in July

If Congress doesn’t act fast, student loan rates will double on July 1st for more than7 million students — costing students on average an additional $1,000.1 That’s outrageous!

We believe that education is a right and that college should be affordable and accessible to everyone. That’s why we’re teaming up with the United States Student Association, the nation’s oldest and largest student association, to prevent student loan rates from doubling in July.

Student loans have been getting more and more outrageous every year. The average college student now graduates with more than $26,000 in debt and total student loan debt has quadrupled since 2003, now totaling $1 trillion.2 Higher education is a necessity in today’s economy, but the dream of a four-year degree is increasingly out of reach for many aspiring students today

Shackling students with crippling debt before they’ve even entered the workforce is just wrong, especially at a time when students are struggling with high tuition and textbook costs already.

Students won this victory last year and, with your help, we will win again!